Channelmatic introduces "Digital LITE" line of low cost MPEG 2 digital servers for ad insertion.LOS ANGELES--(BUSINESS WIRE)--Dec. 7, 1995--IndeNet's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: INDE) majority owned subsidiary, Channelmatic Inc. Thursday announced the successful launch of a new line of low cost "single channel integrity" digital video servers for ad insertion and program playback. The Digital LITE line premiered at The Western Cable show in Anaheim, Calif. last week. The first sale was a 13 channel MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). 2 ad insertion system to Cable Onda of Panama City Panama City, city (1990 pop. 34,378), seat of Bay co., NW Fla., on St. Andrews Bay; inc. 1909. A Gulf Coast resort with amusement parks and excellent fishing, it is also a port of entry. The city's industries produce paper, clothing, and chemicals. , Panama. Proceeds from the sale were approximately $250,000 and installation is scheduled for January of 1996. The Digital LITE line provides MPEG 2 decoding de·code tr.v. de·cod·ed, de·cod·ing, de·codes 1. To convert from code into plain text. 2. To convert from a scrambled electronic signal into an interpretable one. 3. , scaleable library storage and automation control. The LITE product line enables cable systems operators to offer their subscribers MPEG 2 quality at one third the price of similar competitive products. Configurations of Digital LITE are available starting at $3,000 per channel and traffic functions are fully interfaced with schedule processing, logging, remote status monitoring and diagnostics. Channelmatic is one of the lowest cost providers of MPEG 2 quality ad insertion equipment in the industry. Tom Walsh, Channelmatic's President and Chief Executive Officer, said, "With digital sales expected to make up a substantial part of our total revenue in 1996, we are encouraged by the early acceptance of our Digital LITE line. The key to success of the Digital LITE system is simplicity; both functional and operational. "The system provides no single point of failure, is extremely fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. , and you do not need a sophisticated computer user on site to support it. All this adds up to a system that is easy to use, reliable, and easy to support. System operators around the world are trying to stretch their resources without compromising quality, and Channelmatic has responded to that need." IndeNet's primary business is the distribution of TV commercials and syndicated TV programs in both analog and digital formats through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Mediatech. Channelmatic is a leading manufacturer of television automation systems for the application of analog and digital ad insertion, custom switching and program playback. Channelmatic will supply IndeNet with digital broadcast servers for The IndeNet Digital Broadcast Network, to distribute commercials and programming in a digital format which should greatly enhance operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: and shareholder value. CONTACT: Joseph Allen Joseph Allen may refer to:
Owen Daley (Media) 213/466-6388 South Coast Communications 714/252-8440 |
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